Who Said 'No' To My Targets!? BITCOIN!!! (BTC)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi friends! Welcome to this update analysis on BITCOIN! Let's jump right in. Looking at the four hour chart, you can see that BTC             has rolled out of my bear flag , and has fallen like a dead bird from the sky. Without a doubt, BTC             is the most important coin to follow right now, because it has cascading effects on the entire market. We can see that it is very close to touching the bottom of it's downtrend channel , where we may discover an explosive presence of buy orders. The MACD is plummeting, and the sell volume is consuming the chart, so the bears continue to have undeniable control of this market. If you recall from yesterday's post, I said "My downside target looks like a magnet that's drawing BTC             directly toward it. With that said, it is not a 100% certainty that the target will be met. However, given the aggressive bearishness in this market, I think a test of the bottom of the downtrend channel (in pink) is highly likely." We are now within striking distance of the bottom of the channel, and I imagine it will be reached before I can publish this chart. What we need to do, is watch to see what happens there. If we get a super powerful reversal off of that level, we can reassess the possibilities. Under those conditions, I would be most interested in seeing how BTC             reacts to the bottom of the green dashed trendline . However, if we break below, the downtrend channel , that will signal a severe deterioration in the health of this market, and it will likely produce a capitulation move. Keep your eyes on the bottom of the channel. Trade safe everyone!

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-MPC loves you-

I told you 26 December sell because we will going to 7000 $ of course nobody listened to me

Even broken clock is right twice a day.
+3 Reply
Check your crystal ball, its broken mate!
jwg335 Quin73
@Quin73, If by broken you mean he called the target almost exactly, then yes it would be broken. Plus his post discussed all the possibilities, did not call for one thing over another, but things to watch for. Re-read the post.
+3 Reply
Can you post update on this? It is showing good uptrend after the rebound from 6k. So, is it the start of a good uptrend or can we seen it move back to 6k region??

Waiting for your reply.

Thank you.
+4 Reply
jwg335 imfamousrajat
+1 Reply
Thank you for sharing your thoughts and opinions about something you know a lot about.
There's major buy volume on the daily time frame and is on pace to match the volume that started this whole parabolic move back in September. Market capitulation move?
Untill there is USDT and wash trade is permitted for the gangster exchanges, you can see any possible price. Even 20 000 for a day! You see, these guys will squeez the thing just like Madoff.
EduardoCantelli KISStheProfit
@KISStheProfit, hahaha you is fud. usdt 2 bi , btc only 13bi.... think men
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